RSM , Oman is one of the few audit firms in the Sultanate of Oman accredited with the Capital Market Authority of Oman which entitles the firm to act as statutory auditors (external auditors) of public joint stock companies, investment funds, licensed companies operating in the securities market and insurance companies registered in the Sultanate of Oman. Which of the following is the right of an External Auditor?
RSM , Oman is one of the few audit firms in the Sultanate of Oman accredited with the Capital Market Authority of Oman which entitles the firm to act as statutory auditors (external auditors) of public joint stock companies, investment funds, licensed companies operating in the securities market and insurance companies registered in the Sultanate of Oman.
Which of the following is the right of an External Auditor?
Review data about material assets, net worth, liabilities, capital stock, surplus, income and expenditures.
Inspect account books and accounting systems for efficiency, effectiveness and use of accepted accounting procedures.
Visit the branches of the client and to access all accounting books and records
Examine and evaluate financial and information systems, recommending controls to ensure system reliability and data integrity.
Step by step
Solved in 2 steps